The Hagstrom Report

Agriculture News As It Happens


Lucas: Texas A&M study supports House Ag's bill

Texas A&M University today has released a detailed comparison of the commodity titles of the Senate and House farm bills and their impact on representative farms.

House Agriculture Committee Chairman Frank Lucas, R-Okla., said the study proved that the discussion draft based on target prices and countercyclical payments that he and House Agriculture ranking member Collin Peterson, D-Minn., have presented is better than the Senate revenue-based approach.

“The biggest take-away from the study is the absolute importance of real price protection in a farm bill,” Lucas said in a news release.

“When presented with the various choices, the study reveals that, wherever they farm and whatever they grow, farmers are better off under the risk management option that marries a strong crop insurance policy with a farm bill that focuses on providing real price protection against multiple year price declines,” Lucas said. “I hope producers and my colleagues in Congress will give a close look at the study’s findings.”